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Human resource management is a key function within an organization from "summary" of Fundamentals of Management (For B.Com, BBA, BBM and BMS) by J.P. Pathak
Human resource management plays a crucial role within an organization. It is responsible for managing the most valuable asset of the company - its people. HRM involves various functions such as recruitment, training, performance evaluation, compensation, and employee relations. By effectively managing these aspects, HRM ensures that the organization has the right people in the right positions, equipped with the necessary skills and knowledge to achieve the company's goals. Recruitment is a key function of HRM as it involves attracting and selecting the best talent for the organization. Through a well-planned recruitment process, HRM ensures that the company has a pool of qualified candidates to choose from, thus increasing the chances of hiring the right people for the job. Training and development are also critical functions of HRM, as they help employees acquire new skills and knowledge to perform their roles effectively. Performance evaluation is another important aspect of HRM, as it involves assessing the performance of employees and providing feedback for improvement. By setting clear goals and expectations, HRM helps employees understand what is expected of them and motivates them to perform better. Compensation is also a key function of HRM, as it involves rewarding employees for their hard work and contribution to the organization.- HRM helps build a strong relationship between employees and management. Overall, human resource management is crucial for the success of an organization as it ensures that the company has the right people with the right skills and knowledge to achieve its objectives.
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